HomeMy WebLinkAbout4.4 Treasurer's Report 12-31-1989 CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: January 8, 1990
SUBJECT :City Treasurer's Investment Report as of
December 31, 198.9
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by
Phillip S. Molina.,
RECOMMENDATI� :Accept the Treasurer's Investment Report.
Attached is the Investment detail list as of December 31, 1989.
The report shows that the City's investment portfolio totals
$15,609,878 .47 . This represents an increase of $802,000 in
amounts invested when compared to the City's investments of last
month. The main reason for this increase was the receipt of
property tax revenue from the County. The Treasurer also chose to
make strategic moves, which included moving some investments from
savings and loans to LAIF. The reasons for the moves were: 1, the
roll-over rates offered by some of the savings and loans were
less than the LAIF monthly average rate by a difference of more
than 15 basis points, and 2, in one case the savings and loans
had a negative equity position and had incurred a loss during the
last reporting period.
Note that the rate of interest on investments in the Local Agency
Investment Fund (LAIF) is calculated on a monthly rolling
average. The rate identified for that investment was effective
for December 28 , 1989. The Fund pays interest once a quarter. It
is managed by the State Treasurer's Office. The advantage in
using this investment mechanism is that there is no minimum
investment period, and the interest earned is determined by the
length of time the deposit remains in the fund during any given
quarter period.
The maturity schedule of the City's investments will permit the
City to meet its expenditure requirement for the following month.
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COPIES TO:
ITEM NO. 444
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City of Dublin
City Treasurer's Investment Report
December 31, 1989
Institution Type of Amount rate of maturity
Investment invested investment date
State Treasurer LAIF $6 ,854,000.00 8 .600 0 0 0 1
San Francisco Fed c-d $100,000.00 9.150 1 10 90 2
La Jolla Savings Bankc-d $99,000.00 9 .200 1 20 90 3
US Community S. Bank c-d $99,000.00 9 .250 1 20 90 4
Empire of America c-d $100,000.00 9 .800 1 22 90 5
Highland Fed S&L c-d $99,000.00 9.250 1 22 90 6
Peninsula S&L c-d $100 ,000.00 9 .250 1 22 90 7
Century City S&L c-d $99,000.00 9.260 1 23 90 8
Mother Lode S&L c-d $100,000.00 9.250 1 23 90 9
Southern California Sc-d $95,000.00 9.150 1 23 90 10
First National Bank oc-d $99,000.00 9.150 1 27 -90 11
Guardian S&L. c-d $99,000.00 9 .550 1 29 90 12
Shermon Oaks S. Bk. c-d $99,000.00 9.500 2 5 90 13
Foothill Thrift& Loanc-d $100,000.00 9 .800 2 28 90 14
Home Federal of S.D. c-d $100,000.00 10. 200 3 20 90 15
Southwest S&L c-d $100,000.00 10 .125 3 20 90 16
Standard Pacific S&L c-d $99,000.00 10. 125 3 20 90 17
Far West S&L c-d $98,000.00 10 . 200 3 23 90 18
Western Federal S&L c-d $100,000.00 8 .000 3 23 90 19
Great Western Bank c-d $100,000.00 10 .500 3 26 90 20
Brookside S&L c-d $99,000.00 8 . 250 3 29 90 21
First S&L c-d $95,000.00 8.650 4 , 6 90 22
Gold River S&L c-d $99,000.00 10. 250 4 6 90 , 23
Tracy S&L c-d $100 ,000.00 10.500 4 6 90 24
Unity S&L c-d $99,000.00 10.000 4 6 90 25
First Republic Thriftc-d $100,000.00 10 .400 4 11 90 26
United Calif.S. Bank c-d $100,000.00 8.000 4 14 90 27
Charter Savings Bnk c-d $99,000.00 8.000 4 18 90 28
First Fed S&L c-d $100,000.00 8.000 4 18 90 29
New American S&L c-d $99 ,000.00 8.000 4 18 90 30
Stockton S&L c-d $100,000.00 10. 250 4 18 90 31
Santa Barbara S&L c-d $98 ,000.00 10. 300 4 22 90 32
Paramount S. Bank c-d $100,000.00 8 .000 4 23 90 33
Vista Savings Bank c-d $99,000.00 10. 250 4 23 90 34
Internaltional S.Bnk c-d $99,000.00 8 . 800 4 27 90 35
Financial S&L c-d $99,000.00 10.120 4 27 90 36
Golden Coin S&L c-d $99, 000.00 10 .000 4 27 90 37
Hawthorne S&L c-d $100,000.00 10 .000 4 27 90 38
Heart S&L c-d $100,000.00 10 .150 4 27 90 39
American Internatnl Bc-d $100,000. 00 10.000 5 22 90 40
Bank of Livermore cltr c-d $300,000. 00 10.250 526 90 41
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Rancho Bernardo S&L c-d $99,000. 00 10.000 5 31 90 42
Columbus S&L c-d $100,000.00 9.800 6 1 90 43
Del Amo S&1 c-d $100,000.00 9 .625 6 16 90 44
San Clemente S&L c-d $99,000.00 8.500 6 27 90 45
Imperial Savings Assoc-d $99,000.00 9.500 6 27 90 46
Fidelity FS & LA c-d $100,000.00 9.400 6 29 90 47
Republic FS & LA c-d $100,000.00 9.650 6 29 90 48
Saratoga Savings c-d $100,000.00 9.500 6 29 90 49
Palomar Savings c-d $99,000.00 9 .250 7 16 90 50
Valley Federal S&L c-d $100,000.00 9.200 7 24 90 51
Bank of California(2)FHLB Notes $200,000.00 8.030 7 25 90 52
Bank of Pleasanton c-d $100,000.00 9.000 7 31 90 53
Torrance S&L c-d $99,000.00 8.400 8 3 90 54
Bank of California(3)U.S. Trea $200,000.00 8.190 8 15 90 55
California Federal S&cltr c-d $1,400,000.00 8.700 8 18 90 56
California Federal S&c-d $100,000 .00 9.100 8 18 90 57
First Network S Bank c-d $100,000.00 9.000 9 10 90 58
County S. Bank c-d $100,000.00 8.625 9 18 90 59
Stockdale S&L c-d $99,000 .00 8 .650 9 19 90 60
Long Beach S&L c-d $100,000.00 8.750 9 21 90 61
Executive S&L c-d $99,000.00 8.750 10 10 90 62
Great Pacific S&L c-d $99,000.00 8.750 10 11 90 63
Great Pacific S&L Cltr c-d $200,000.00, 8 .755 10 12 90 64
Girard S. BAnk c-d $99 ,000.00 8.700 10 17 90 65
Allied Savings c-d $99,000.00 8 .755 10 18 90 66
Westport Savings Bankc-d $99,000.00 8.750 10 23 90 67
FNMA(Bank of Cal) (4) debenture $97,878 .47 8.600 11 12 90 68
FNMA(Bank of Cal) (4) debentures $300,000.00 8.000 4 10 91 69
CURRENT AMT INVESTED $15,609,878.47
PRIOR PERIOD INVESTED $14,807,878.47
increase(decrease) $802,000.00
weighted average yield next month 8.897%
footnotes
l .and 3 . United States Treasury Securities are fully guaranteed
by the U.S. Government.
2. The Federal Home Loan bank consolidated bonds are lawful
investments for all fiduciary, trust, and public funds
including those under the control of the U.S. Government.
4. FNMA stands for the Federal National Mortgage Association. Obligations
issued by FNMA debentures are "lawful investments .and may be accepted
as securities for fiduciaries, trusts, and public funds. "
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